This is the last of our series of four blogs on the Business Succession Planning in Families. This series involves Family Businesses. That business can be as small as a single Dry Cleaner operator or be as big as Getty Oil, Walmart or the Biltmore Estate. Recap We have discussed how each family has their... [Read More]
Category: Business Estate Planning
STEVEN ANDREW JACKSON LEADS CONTINUING EDUCATION CLASS ON THE “SUCCESSION: FAMILY & BUSINESS”
Estate Planning attorney Steven Andrew Jackson will teach a one hour Continuing Education class on “Succession: Family & Business.” Class Details: Date: Wednesday, September 12, 2018 Time: 8:00 am to 9:00 am Location: The Biltmore Building, One North Pack Square, in downtown Asheville. The class is approved for one hour Continuing Education by the... [Read More]
FAMILY BUSINESS TRANSITION
Is the Family Business Transition Planned for? Statistics show that a business owner may average more than 900,000 hours in the creation and running of the business, and yet spend less than 4 hours on planning its transition. The business owner may be so solely focused on the running of the business that they have... [Read More]
STEVEN ANDREW JACKSON LEADS CONTINUING EDUCATION CLASS ON THE “ESTATE PLANNING FOR BUSINESS OWNERS”
Estate Planning attorney, Steven Andrew Jackson, will teach a one hour Continuing Education class on “Estate Planning for Business Owners.” The class will be from 8:00 am to 9:00 am on Wednesday, November 11, 2015, at The Biltmore Building, One North Pack Square, in downtown Asheville. The class is approved for one hour Continuing Education... [Read More]
The 100th Year Anniversary of Federal Estate Tax
September 8, 2016 will mark the 100th anniversary of the Federal Estate Tax. The Federal Tax taxes your assets when you pass on and they move from one generation to the next. There is no tax under the exemption amount, but once you get above that amount, there is a Federal Estate Tax. In the... [Read More]
Tom Benson Declared Competent
A Court in Louisiana declared 87-year-old billionaire Tom Benson (owner of NFL Saints and NBA Pelicans Professional Sports Teams), mentally competent. As discussed in my blog of June 8, 2015, titled “Saints Owner Tom Benson Completes the First Week of Competency Trial” that issue was being litigated. The Court ruling allows Mr. Benson to continue... [Read More]
Owner of New Orleans Saints and NBA Pelicans – Sought to be declared incompetent
Tom Benson is the owner of the NFL Saints and the NBA Pelicans. Both professional sports teams are located in New Orleans, Louisiana. His heirs have sought to have him found an incompetent adult and therefore unable to handle his own affairs (they are seeking control of his financial affairs). He had a mental fitness... [Read More]
Estate Planning Teamwork Vital
Results of studies on successful businesses and organizations find that “Teamwork” is the most important factor in determining the success of the business. That is closely followed by “getting people to want to work on a Team with you.” These are the most important traits that businesses look for in their new hires. Teamwork is... [Read More]
Steve Teaches CE Class – “After Death Administration”
Steve will teach a Continuing Education Class – “After Death Administration” on Wednesday, November 19, 2014 at 8am to 9am at The Biltmore Building to Financial & Insurance Professionals & Accountants. Things you will learn are: What do we do immediately after death? What if there is no Estate Plan? Is it a Will or... [Read More]
Estate Planning for the Family Business
A business owner will spend their lifetime building a business from the ground up, but will spend little, to no time, in planning its transition to their family. It is estimated that a business owner will spend nearly a million hours during their lifetime building, growing and operating a business, but spend less than four... [Read More]